Bitcoin, Ethereum and Litecoin Became Most Popular Currencies Among Millennials

March 27, 2018

Most of cryptocurrency investors are millennials. The main reason of them trusting the new technology is that it gives hope for contemporary capitalism and independence from financial institutions and state control.

Recent poll among 1,000 Americans says, 9.19% of millennials are eager to invest into cryptocurrency while there are only 4.04% ready for the same from other generations.

Another crucial point found during the poll is that Bitcoin, Ethereum and Litecoin are the most popular cryptocurrencies among millennials. What is more, 76% of them admitted, Bitcoin would come first for them, 12% chose Ethereum while the other 12% opted for Litecoin.

Curiously enough, Ripple (XRP) is not well-liked among the younger generation despite it is rated third at the crypto market. One of the grounds for that is that Ripple (XRP) is designed to be used by financial institutions which conflicts with the concept of “decentralized cryptocurrency”.